Wharton Pension Research Council Working Papers
 

Title

Estimating State and Local Government Pension and Retiree Health Care Liabilities

Document Type

Working Paper

Date of this Version

10-1-2008

Abstract

Liabilities for pension and retiree health-care benefits provided by U.S. state and local governments are causing concerns for taxpayers and for those holding government bonds. Many question whether the methodology used to calculate these liabilities is appropriate, since the private sector calculates retirement system liabilities using different methods and assumptions. This chapter reviews and critiques current actuarial and accounting standards under which governmental retiree liabilities are calculated and compares and contrasts these standards to those used by private-sector employers.

Comments

The published version of this Working Paper may be found in the 2009 publication: The Future if Public Employee Retirement Systems.

Working Paper Number

WP2008-22

Copyright/Permission Statement

© 2008 Pension Research Council of the Wharton School of the University of Pennsylvania. All rights reserved.

Acknowledgements

Opinions and errors are solely those of the author and not of the institutions with whom the author is affiliated.

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Date Posted: 07 August 2019